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NQ Minerals PLC (NQMI)

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Wednesday 12 September, 2018

NQ Minerals PLC

Issue of Options and Warrants

RNS Number : 5302A
NQ Minerals PLC
12 September 2018
 

12 September 2018

 

NQ Minerals Plc

(the "Company" or "NQ Minerals")

 

Issue of Options and Warrants

 

NQ Minerals Plc (NEX: NQMI; OTCQB: NQMLF), a London listed company with Australia based exploration and mining assets, is pleased to announce that the Board of Directors resolved at its August 15 board meeting to issue Management and Director options as set out below:

 

Adrian Lungan   4 million shares at 9p                 Director Options

Steve White       4 million shares at 8p                 Management Options

Mike Barden      4 million shares at 8p                 Management Options

 

The Board also resolved to issue warrants to Odeon Capital, for financial services, as set out below:

 

·      The exercise price of 1,250,000 warrants shall be 8.6p per fully paid ordinary share.

·      The exercise price of 1,250,000 warrants shall be 9.4p per fully paid ordinary share.

·      The exercise price of 1,250,000 warrants shall be 10p per fully paid ordinary share.

·      The exercise price of 1,250,000 warrants shall be 10.5p per fully paid ordinary share.

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About NQ Minerals

 

NQ Minerals is a London listed company with a significant cash producing asset under construction in Tasmania, Australia. NQ also has highly prospective exploration and mining tenements in North Queensland, Australia. NQ has a focus on project locations where past exploration work has established the presence of noteworthy mineral occurrences. The Company's management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com

 

For further information, please contact:

 

NQ Minerals Plc

 

 

Brian Stockbridge, Non-Executive Chairman

 

Kris Kottmeier, VP Corporate Development

+ 44 (0) 7876 888011

 

+ 44 (0) 20 3637 6522 (UK)

+ 1 (604) 506 6502 (North America)

 

 

 

 

Daniel Stewart & Company Plc

 

 

Richard Potts

+ 44 (0) 20 7776 6596

Nikhil Varghese

 

 

IFC Advisory

 

Graham Herring

 

Tim Metcalfe

 

Miles Nolan

 

 

+ 44 (0) 20 7776 6571

 

 

 

 

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

+ 44 (0) 20 3934 6630

 

 

 

 

 


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